Market Report

ABS Resin Market Overview: The global ABS (Acrylonitrile Butadiene Styrene) resin market is the largest market in 2017 and is expected to grow at a highest growth rate in the forecast period. The global consumer demand is growing with 4.55% over the period 2018-2023. The ABS Resin market is driven by the growing demand for household appliances and electronic devices owing to the increasing purchasing power of the middle class population across the globe. What is ABS resin? ABS is made from styrene , butadiene, and acrylonitrile. Acrylonitrile is a synthetic monomer produced from ammonia and propylene; butadiene is a petroleum hydrocarbon acquired from butane; and styrene monomer, is obtained from coal, commercially found from ethylene and benzene from coal. ABS a thermoplastic resin generally used for applications like injection molding. The benefit of ABS is the combination of rigidity and strength of styrene and acrylonitrile polymers with stiffness of polybutadiene rubber. ABS res...